World Liberty Financial, President Trump's DeFi Platform, Plans to Create a Crypto Strategic Reserve by Buying More Tokens

Co-founder of World Liberty Financial, Chase Herro, said that the platform aims to build a “strategic reserve” using cryptocurrency

World Liberty Financial, a decentralized finance (DeFi) platform founded by former President Donald Trump, is reportedly planning to create a crypto strategic reserve.

According to a Bloomberg report on March 21, Chase Herro, co-founder of World Liberty Financial, said that the platform is aiming to build a “strategic reserve” with cryptocurrency that the project has purchased. However, the report notes that Herro did not specify what the purpose of the reserve will be.

Based on data from Arkham Intelligence, a wallet linked to World Liberty Financial recently purchased 342,000 ONDO (ONDO), which is WLF’s governance token, for $470,000 USDC (USDC) on the CoW Protocol. This brings World Liberty Financials’ ONDO holdings to 342,002 ONDO, which is valued at roughly $478,800.

The purchase follows WLF buying ONDO tokens for $245,000 two months ago, which were then sent to Coinbase Prime. On the same day, Ondo Finance announced that it will be launching its own layer 1 blockchain, called Ondo Chain.

According to data from crypto.news, ONDO slid marginally by 0.06% over the past 24 hours and dropped nearly 8.5% in the past week. At the time of writing, the token is trading at $1.40. ONDO’s 24-hour trading volume amounted to over $660 million.

World Liberty Financial’s crypto portfolio spans a range of crypto assets, with the majority of its holdings in USD Coin and Tron (TRX). In addition to the two assets, WLF also keeps funds in Lido Staked Ether (STETH), Tether (USDT), Ethereum (ETH), Ondo, Colle AI, American Coin, Grok, Hoppy, Tap Protocol and REKT.

Currently, WLF holds $14.9 million in USD Coin, followed by TRX with $9.31 million, and $5 million in STETH. Moreover, WLF holds a total of 538.19 ETH, which is valued at around $1.47 million.

As previously reported, on Jan. 31, WLF purchased a large amount of Ethereum for $10 million after crypto markets crashed following President Trump's announcement that he would impose tariffs on Mexico and Canada. The project had earlier bought $47 million in Ethereum on the day Trump was sworn into office.

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